from sale, which increased by Baht 2.5 million from the same period of last year. This effect from recognition of interest expenses from adoption of TFRS 16 – Leases. 2/4 JUBILEE ENTERPRISE PUBLIC

, there is no demand for new installation. 2. Construction service income for the year sharply increased 207.40 Million Baht, accounting for 59.80% from previous year as the revenue recognition on progress

amortization of intangible assets arising from the purchase of investments in associate companies and the result of associate companies’ delayed revenue recognition due to the delay in delivery of work

Baht 50.38 million due to the Baht appreciation against JPY. The unrealized loss on exchange rate was mainly from revaluation foreign exchange rate in JPY of long-term investments. 5 | Padaeng Industry

appreciation to competitors, especially from Vietnam. - QSR business recorded its revenue of Baht 143.0 Million that 3.1% increased from 2018 or by Baht 4.2 Million, resulted from distribution channel

year 2019 increased 51.20 and 61.28 percent from the same period of last year. Main attribution is increasing in sales quantities from 2nd production line. The effect from Thai Baht appreciation and

of Baht 1,607.51 million or 82.20 percent. Cost of sales and services decreased due to the appreciation of the exchange rate and increasing production efficiency for both the leather and energy

supported by an increase in capacity from the investment in Phase 3 at the new plant, and the appreciation of the Baht. Cost of Sales and Gross Profit The profit margin increased slightly Q-o-Q, but dropped Y

differences in product mix and the gain from currencies appreciation as compared to same period of previous year. 3. Selling and Administrative Expenses For the second quarter of year 2017, the Company’s SG&A

to sales volume growth that was supported by an increase in capacity from the investment in Phase 3 at the new plant, but mainly offset by the appreciation of the Baht. Cost of Sales and Gross Profit